Vietnam to maintain compulsory reserves ratio

Vietnam's central bank said on Thursday 15 September it will not raise the compulsory reserve ratio banks must keep aside.

It said the move was designed because banks still have insufficient funds to meet demand for loans.

"Now is not the time to apply that instrument because the funds raised by banks so far are still less than the demand banks need to meet," Phung Khac Ke, deputy governor of the State Bank of Vietnam, told Reuters.

Banks plan to raise deposit rates this month to lure more fund

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